243 N Verdugo Road, Glendale, California 91206, Glendale, 91206 - 2 bed, 1 bath

243 N Verdugo Road, Glendale, California 91206 home-pic-0
ACTIVE$995,000
243 N Verdugo Road, Glendale, California 91206
2Beds
1Bath
1,102Sqft
4,293Lot
Year Built
1923
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$903
HOA
-
Days on market
-
Sold On
-
MLS number
GD25144666
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,5 Pros. Rank: price - $995.0K(10th), sqft - 1102(9th), beds - 2(12th), baths - 1(9th).

LocLocation, Location, Location! Nestled in the heart of Glendale's highly desirable 91206 neighborhood, this prime, updated corner home is commercially zoned with 2 bedrooms, 1 bath, and a private backyard. The inviting living area features elegant laminate floors. The formal dining room is amazing with granite countertops and recessed lighting accents the beautiful kitchen. The backyard is spacious and private. It’s the perfect place to entertain guests and create unforgettable memories or unwind in your own secluded outdoor space. This home is full of bright light and includes a potential garage and/or backyard ADU development opportunity, with the potential to buy 1 or 2 contiguous properties next door, currently listed for sale, with the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. This treasured home reflects true pride of ownership. Homes in this area sell very quickly, are priced right, and will not last long in this hot market!

Condition Rating
Excellent

Despite being built in 1923, this property has undergone an extensive and recent renovation, likely within the last 5 years. The kitchen features modern white shaker cabinets, white quartz/granite countertops, stainless steel appliances, and recessed lighting, all appearing new and stylish. The bathroom is also fully updated with a contemporary white vanity, modern fixtures, and marble-look subway tiling in the shower. New, elegant laminate flooring is installed throughout the main living areas. These significant updates bring the property's key components to current quality standards, presenting a virtually new interior condition with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Development Potential: The property's commercial zoning and the unique opportunity to acquire contiguous parcels for up to 16 residential units present a significant, high-value development prospect for investors.
Prime Central Location: Nestled in Glendale's highly desirable 91206 neighborhood, the home offers excellent walkability and convenient access to schools, amenities, and vibrant surrounding communities like Silver Lake and Burbank.
Value-Add ADU Potential: The explicit mention of potential for garage and/or backyard ADU development provides a clear pathway for immediate value enhancement and potential rental income.
Updated Interior Features: The home features elegant laminate floors, granite countertops, and recessed lighting in the kitchen and dining areas, reflecting recent updates that enhance its move-in readiness.
Corner Lot & Private Outdoor Space: As an updated corner home, it benefits from increased privacy and natural light, complemented by a spacious and private backyard ideal for entertaining.

Cons

Significant Overpricing: The current list price of $995,000 is considerably higher than the estimated property value and recent comparable sales, suggesting a potential challenge in market absorption at this price point.
Limited Interior Space & Bathroom Count: With only 1102 sqft, 2 bedrooms, and 1 bathroom, the property offers limited living space, which may restrict its appeal to a broader buyer pool seeking more expansive accommodations.
Age-Related Maintenance Considerations: Built in 1923, the property is over a century old. While updated, older homes can present ongoing maintenance requirements and potential for unforeseen issues in original systems.

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